Stocks surge at opening as investors welcome new BSEC leadership

The market opened sharply higher on Sunday with the benchmark index of the Dhaka Stock Exchange (DSE) crossing 5,500-mark in early trading as investors confidence boosted on the new securities commission.

The benchmark DSEX index of the Dhaka Stock Exchange (DSE) jumped more than 72 points in early trading, crossing the 5,500-point mark and reaching 5,548 by 11:00 am. The rally reflected renewed investor confidence and expectations of reforms in the country’s capital market.

The upbeat sentiment followed the appointment of renowned chartered accountant Masud Khan as chairman of the BSEC on Thursdayhours after the immediate past chairman Khondoker Rashed Maqsood resigned.Three new commissioners—Md Nafeez-Al-Tarik, Nahid Mahtab and Tanvir Habib Rahman—have also been appointed for the next four years, signaling a major reshuffle in the market regulator.

Market analysts said investors are hopeful that the new commission will introduce measures to improve transparency, strengthen governance and restore confidence in the stock market. Expectations of supportive policies and repeated political commitments to revitalise the capital market further boosted buying interest.
The positive momentum was visible across the market. The blue-chip DS30 index advanced 26 points to 2,094, while the Shariah-based DSES index gained 11 points to 1,119. Turnover reached Tk 5.44 billion within the first hour of trading, indicating strong participation from investors.

Market breadth remained overwhelmingly positive, with 272 issues advancing against 66 decliners, while 47 stocks remained unchanged.

Premier Cement emerged as the most actively traded stock during the session, with shares worth Tk 148 million changing hands.

The rally was not confined to Dhaka. The Chittagong Stock Exchange (CSE) also maintained an upward trend, with the CASPI index rising 100 points to 15,368 and the CSCX index gaining 66 points to 9,448 till then.

Investors and market observers will now closely watch the policy direction of the new BSEC leadership, as hopes grow for structural reforms aimed at strengthening Bangladesh’s capital market and attracting greater investor participation.

babulfexpress@gmail.com